Don't Judge Ross Stores on Technicals Alone - Check Its Fundamentals

By Tamara Parker • Friday, November 18 10:44 • Permanent Link

Ross Stores logged a 12.3% change during today's morning session, and is now trading at a price of $109.99 per share. The S&P 500 index moved 0.3% and the Dow Industrial Average posted a 0.0% change. ROST's trading volume is 4,730,121 compared to the stock's average volume of 2,553,248.

Ross Stores trades 9.29% away from its average analyst target price of $100.64 per share. The 22 analysts following the stock have set target prices ranging from $80 to $135, and on average have given Ross Stores a rating of buy.

Below are some factors that could be affecting the stocks's performance and analyst recommendation:

Based on its trailing earning per share of 0.24, Ross Stores has a trailing 12 month Price to Earnings (P/E) ratio of 458.3 while the S&P 500 average is 15.97
ROST has a forward P/E ratio of 21.8 based on its forward 12 month price to earnings (Eps) is $5.04 per share
The company has a price to earnings growth (PEG) ratio of 3.7 -- a number near or below 1 signifying that Ross Stores is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 11.9 compared to its sector average of 3.11

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names. Based in Dublin, the company has 100,000 full time employees and a market cap of $38,862,766,080. Ross Stores currently returns an annual dividend yield of 0.3%.

If you would like more in-depth discussions of stocks such as Ross Stores, subscribe to our free newsletter!

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.